Economic decisions are made without the full understanding of the people they affect most. Katy Wiese spells out the issues.

For many, economics is technical, jargon-laden, yet abstract, making it intimidating and inaccessible. But its impacts are real: rising inflation due to, amongst others, supply chain shortages in the aftermath of the coronavirus and Russia’s invasion of Ukraine is eating into pockets of families across the globe and it’s hitting all areas of daily life. In Europe, we have to spend on average 8.1% more money on food (in Bulgaria this figure is 19%). For poor families, this can be life-threatening.

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